What happens to Silvio Berlusconi's business empire now he has gone? Sky's business presenter IanKingSky explains 👇
Silvio Berlusconi, Italy's longest-serving post-war prime minister, is dead and, as a key player in the country's ruling coalition until his passing, there is much debate over what it means for Italian politics.'s career in politics only came after his success in commerce - and even more interesting is the question of what happens to his business empire.
Fininvest, which employs more than 20,000 people worldwide, reported sales of €3.8bn in 2021 and earnings before interest and taxation of €373.8m. Fininvest's most valuable asset, surprisingly, is not in the media industry in which Mr Berlusconi initially made his fortune but is a 30% stake in Mediolanum, the banking and financial services combine. It is currently worth €1.83bn.
That stake, at the current value, is worth €531.6m - putting an implied valuation of just €1.128billion on all of MFE's other media interests in Italy and Spain.Italy PM on Berlusconi the 'fighter'
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